ASIC AntMiner E9 for Ethereum mining on the Ethash algorithm

The manufacturer of cryptocurrency mining equipment Bitmain announced the upcoming release of a new ASIC miner forether (ETH). The Antminer E9 model is an integrated circuit that will run on the Ethash algorithm of the Ethereum blockchain.

Price and technical specifications of the new deviceare not yet known. It is also unclear when it may enter the market and whether Bitmain will be able to manufacture it on a significant scale, given the continued shortage of chips in the world.

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Most in demand todayThe ASIC miner for Ethereum mining is produced by InnoSilicon. The A10 Pro produces from 500 to 750 megahashes per second (MH/s), depending on the modification. The simplest version is now selling for more than 70,000 yuan, or $11,000, from resellers in China, The Block notes. According to F2Pool, each such device in current conditions brings miners $56.19 per day, excluding electricity costs, with an estimated profitability of 98%.

“Bitmain's AntMiner E9 can achieve a hash rate of around 1,500 MH / s. Bitmain's E-series once created fears in the Ethereum community. "- writes the Chinese journalist Colin Wu.

The timing chosen for the announcement is also noteworthy.While miner income has risen steadily every month since October, reaching a record $1.38 billion in March, the Ethereum EIP-1559 improvement proposal is expected to be launched in the summer, which will significantly reduce miners' fee income. In the longer term, Ethereum will transition to a new network based on the Proof-of-Stake consensus algorithm. Wu admits that the arrival of AntMiner E9 could speed up this process.

Nvidia recently announced that sales of video cards for mining cryptocurrencies in the first quarter of the year brought in $ 150 million in profit - three times more than planned.

Despite the boom in popularity of video cards,intended for mining cryptocurrencies, Nvidia Chief Financial Officer Colette Kress believes that GPU shortages will remain until the end of the year, despite the increase in supply.

While the Bitmain E9 release may seem a bit overdue given Ethereum's move to Proof-of-Stake next year, the E9 release will help alleviate GPU shortages.

Cloud mining: TOP-5 services for 2021

Cloud mining is the optimal formatmining cryptocurrency for 2021. This is a model for earning cryptocurrency by renting equipment (hashrate), mining is carried out due to the management of equipment by a contractor who solves all issues related to technical and software components.

Cloud mining setup does not requirea productive computer or knowledge in the field of blockchain and cryptocurrencies in general. Setting up in this case consists in going through the standard registration procedure on the service website, choosing a tariff plan and paying for the contract. Then the user specifies the address (personal wallet) where the mined cryptocurrency will be withdrawn.

Rating of TOP-5 cloud mining services (with current estimates for 2021):

Service	Rating	Detailed overview
IQ Mining (Editor's Choice!)	9.5	Read the review
ECOS	7.2	Read the review
YoBit VMining	6.5	Read the review
BitDeer	6.4	Read the review
HashFlare	6.3	Read the review

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